TUESDAY, JUNE 28, 1983
HE OUTLINED THE PROGRESS OF GOVERNMENT'S PROGRAMMES OF ASSISTANCE TO THE INDUSTRY AS RECOMMENDED BY THE ADVISORY COMMITTEE ON DIVERSIFICATION AND ENDORSED BY THE INDUSTRIAL DEVELOPMENT BOARD.
+PROPOSALS ARE BEING EXAMINED FOR ESTABLISHING A PRECISION METAL WORKING INSTITUTE, AN ELECTRONICS TECHNOLOGY DEVELOPMENT LABORATORY AND A COMPUTER AIDED DESIGN/COMPUTER AIDED MANUFACTURE CENTRE.
+IN RESPECT OF TECHNOLOGY TRANSFER, THE REQUIREMENTS OF FOUR SELECTED INDUSTRIES - PLASTICS, METALS, ELECTRONICS AND GARMENTS - ARE BEING STUDIED.
+THE UNIVERSITIES AND THE POLYTECHNIC ARE ALSO CONDUCTING SUPPORTING RESEARCH AND DEVELOPMENT STUDIES MAINLY ON ELECTRONICS MANUFACTURING AND COMPUTER DEVELOPMENT TECHNIQUES. IN ADDITION, PUBLIC FUNDS HAVE BEEN MADE AVAILABLE FOR THE ESTABLISHMENT OF A GOVERNMENT STANDARDS AND CALIBRATION LABORATORY TO MEET INDUSTRY'S NEEDS FOR MEASUREMENT STANDARDS AND CALIBRATION.
ON LOCAL INDUSTRIAL DEVELOPMENT SCENE, MR YAXLEY POINTED OUT THAT ONLY A HANDFUL OF HONG KONG'S INDUSTRIAL ENTERPRISES HAD THE RESOURCES TO UNDERTAKE THE COSTLY AND TIME-CONSUMING. RESEARCH AND DEVELOPMENT WORK ESSENTIAL IN THE DEVELOPMENT OF NEW PRODUCTS AND TECHNOLOGY.
+TECHNOLOGY TRANSFER THROUGH COOPERATION WITH INDUSTRIES IN TECHNOLOGICALLY ADVANCED COUNTRIES OFFERS AN ALTERNATIVE. THE GOVERNMENT THEREFORE CONSIDERS INDUSTRIAL INVESTMENT PROMOTION AN INTEGRAL PART OF THE WHOLE PROCESS OF INDUSTRIAL DIVERSIFICATION AND DEVELOPMENT.
+TO THIS END, FOUR INDUSTRIAL PROMOTION OFFICES IN TOKYO, LONDON, STUTTGART AND SAN FRANCISCO AS WELL AS THE HEAD OFFICE IN HONG KONG WERE ESTABLISHED LAST YEAR TO ASSIST INVESTORS BY PROVIDING QUICK AND COMPREHENSIVE INFORMATION ABOUT HONG KONG AND BY INTRODUCING LOCAL INVESTORS TO OVERSEAS COMPANIES WHO WANT TO ESTABLISH MANUFACTURING OPERATIONS HERE THROUGH JOINT VENTURE OR SUBCONTRACTING OR LICENSING ARRANGEMENTS,
HE SAID.
BY DECEMBER LAST YEAR, A TOTAL OF 438 WHOLLY-OWNED OR JOINT- VENTURE FACTORIES WERE KNOWN TO BE OPERATING IN HONG KONG WITH OVERSEAS INVESTMENT AMOUNTING TO HK$7.5 BILLION AND EMPLOYING ABOUT 10 PER CENT OF HONG KONG'S WORKFORCE IN MANUFACTURING INDUSTRY. THESE FACTORIES PRODUCE A WIDE RANGE OF CONSUMER AS WELL AS CAPITAL GOODS.
+DESPITE THE INCREASING AMOUNT OF OVERSEAS INVESTMENT IN HONG KONG INDUSTRY, THE PRINCIPAL SOURCE OF INVESTMENT CAPITAL IS PUT UP BY HONG KONG COMPANIES THEMSELVES. MUCH OF LOCAL INVESTING AND RE-INVESTING IS IN NEW TECHNOLOGY AND PRODUCTION METHODS,+ MR YAXLEY CONCLUDED.
ཏུ